Apr 14, 2022   SOURCE: BusinessWire

Global Food Processing & Handling Equipment Market (2021 to 2026) - Shift Towards Convenient Food Packaging is Driving Growth - ResearchAndMarkets.com

The "Food Processing & Handling Equipment Market by Type (Food Processing, Food Service, Food Packaging), Application (Meat & Poultry, Bakery & Confectionery, Alcoholic, Non-alcoholic Beverages, Dairy), End-product Form, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The food processing and handling equipment market is projected to grow from USD 130.6 billion in 2021 to USD 175.1 billion by 2026, recording a compound annual growth rate (CAGR) of 6.0% during the forecast period.

The food processing & handling equipment market is exhibiting strong growth, with the rising demand for prepared food products globally, changes in consumer lifestyles, along with a transformative leap forward in technological capabilities and increasing investment opportunities in the food processing industry.

The food processing equipment segment is projected to dominate the food processing and handling equipment market during the forecast period.

The food processing equipment type market has been further segmented into pre-processing and primary processing equipment. One of the key factors driving the food processing equipment market is the growth of the processed food sector, due to the increasing demand for ready-to-eat and ready-to-cook products. Further, to provide the highest and consistent quality products, along with keeping the production costs as low as possible, automated processing equipment is increasingly being adopted by food & beverage manufacturers

Asia Pacific is projected to record the highest growth during the forecast period.

The food processing and handling equipment market in the Asia Pacific is projected to witness the highest growth between 2021 and 2026. The industrial growth in the region over the years, followed by improvements in the food and beverage industry, has created new opportunities for the food processing and handling equipment market.

The growing middle-class population in the region, increasing disposable income among customers, and demand for meat, bakery and dairy items and food items that offer on-the-go consumption are driving the growth of the food processing and handling equipment market. Many food and beverage companies have expanded their manufacturing facilities in these countries, which has also driven the market for food processing and handling equipment.

Market Dynamics

Drivers

  • Rising Demand for Meat, Poultry, Bakery, Dairy, and Confectionery Products
  • Rise in Focus on Production and Operational Efficiency, Processing Time, and Quality of Food Products
  • Increase in Demand for Hygienic Food Packaging
  • Shift Toward Convenient Food Packaging

Restraints

  • Increasing Cost of Production Due to Rise in Energy and Labor Costs
  • Stringent Environmental Regulations

Opportunities

  • Growth in Investment Opportunities for the Development of New Food & Beverage Processing Technologies
  • Rise in Demand from Developing Countries, Such as China and India

Challenges

  • Infrastructural Challenges in Developing Countries
  • Ensuring the Correct Mixture of Gases in Controlled Environment Packaging

Companies Mentioned

  • ALFA LAVAL (Sweden)
  • Ali Group S.r.l (Italy)
  • Align Industry (India)
  • Buhler Holding AG (Switzerland)
  • Dairy Tech India (India)
  • Dover Corporation (US)
  • Electrolux (Sweden)
  • GEA Group (Germany)
  • Global Bakery Solutions (UK)
  • Hoshizaki (Japan)
  • IMA Group (Italy)
  • JBT Corporation (US)
  • Krones Group (Germany)
  • Middleby Corporation (US)
  • Multivac (Germany)
  • Robert Bosch (Germany)
  • Sealtech Engineers (India)
  • Spheretech Packaging India Pvt Ltd (India)
  • SPX Flow (US)
  • Tetra Laval International S.A. (Switzerland)

For more information about this report visit https://www.researchandmarkets.com/r/x0qpct